Trapped into living with the ex

ferry

No probs,she's quite fit..will meet someone sooner than he will..she'll move out and into a new place with new Mr X and he'll have to move back in with his mum.

The property will then go the market with no chain and a property developer will step in.
Job done.Oh and Bens mum will get her money back if it reaches the desired sale price.I'm sure they'll all come to some agreement.

He'll then look her up on Facebook a year or so later to see how well(or not) she been doing since the split.

ferry

seven-day-weekend

I find it very very sad and a sign of the times that a couple think they are committed enough to buy a house together and FOUR MONTHS later realise they don't actually like each other all that much.

Let's hope they have no children....

amcluesent

>she's quite fit..will meet someone sooner than he will<

Don't be so sure! The model Ferrari in his bedroom will swoon the laydees.

Funkygibbon

At least there is some good news from this credit crunch!!!

dopester

ferry wrote: »

No probs,she's quite fit..will meet someone sooner than he will..she'll move out and into a new place with new Mr X and he'll have to move back in with his mum.

The property will then go the market with no chain and a property developer will step in.
Job done.Oh and Bens mum will get her money back if it reaches the desired sale price.I'm sure they'll all come to some agreement.

He'll then look her up on Facebook a year or so later to see how well(or not) she been doing since the split.

They've got a £250,000 mortgage. Quarter of a million pounds on a house somewhere in London area.

Uni, fall-in-love, house in London, NuLabour £40K jobs each - happy life.

Umm house prices falling... he's not really an Alpha male else I wouldn't be in this predicament. Some of my Facebook men are doing better. Need dream life where own nice house without as much debt, jobs where I can spend money of stuff other than repaying debt. Split from him.

Get ready to kiss goodbye to many of those £40K NuLabour jobs as you step in to the real world.

amcluesent

"Gemma says she now thinks it was a mistake to buy last year".

LOL, razor sharp mind there! Still, Swansea Uni, former poly was it?

Dan:_4

amcluesent wrote: »

"Gemma says she now thinks it was a mistake to buy last year".

LOL, razor sharp mind there! Still, Swansea Uni, former poly was it?

ah well, its really not the end of the world, is it.

Adebisi

"I don't regret buying a property, but I do regret buying with Gemma. I think I'll buy on my own next time to avoid the risk," oh no, next time for him will be in the next life. Poor guy, there is only one way out.

LizzieS_2

amcluesent wrote: »

Gemma Appleyard had been with her boyfriend Ben Blackwell for three years when they bought a two bedroom terrace house for £350,000 in Hither Green, south-east London, in June 2008.

Ben's mother gave them £100,000 for the deposit.

By November 2008 the couple had broken up. However when they tried to sell their house they realised the value had fallen to £280,000.

A £70,000 loss on the house was too much for Gemma and Ben to take, so they have resigned themselves to living together. "It'll get awkward when one of us meets someone else, that'll be difficult," says Gemma.

Propertywatch, a new series on property prices and the downturn, will be broadcast from 11-14 May at 2000 BST on BBC Two.

Must have good salaries to have got a mortgage for 250K - pity they cannot see a few simple mathematical answers.

Lets do some maths for them :j

Property was 350K, now 280K.

For fun say the market will increase by 25% in 5 years time, meaning the property is back to 350K.

• If they sell now, they get 280K. If each then goes on to buy a property at 140K, in 5 years time where would that leave them? 140K x 25% = an increase of 35K each - exactly the same position as sharing their current home.
• If each of them goes on to buy a property at 180K - in 5 years they will have £45K each (more than staying in the existing property).

Looks like they both really want to return to parents, and are measuring the loss by not wanting to buy as individuals.

1984ReturnsForReal_2

LizzieS wrote: »

Must have good salaries to have got a mortgage for 250K - pity they cannot see a few simple mathematical answers.

Lets do some maths for them :j

Property was 350K, now 280K.

For fun say the market will increase by 25% in 5 years time, meaning the property is back to 350K.

• If they sell now, they get 280K. If each then goes on to buy a property at 140K, in 5 years time where would that leave them? 140K x 25% = an increase of 35K each - exactly the same position as sharing their current home.
• If each of them goes on to buy a property at 180K - in 5 years they will have £45K each (more than staying in the existing property).

Looks like they both really want to return to parents, and are measuring the loss by not wanting to buy as individuals.

no deposit?